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Though a growing industry, build-to-rent communities made up only 7.9% of new residential constructions last year.
The build-to-rent community where Belote lives, located about an hour outside of Houston, is building a dog park, walking trails, a playground, and a pool for its members, according to its website ...
The company broke ground on Summerwell Sunterra, a build-to-rent community in the Houston area, in June 2023. [31] As of September 2023, Greystar has acquired or developed 12 communities under its Summerwell brand focused on single-family rentals. [32]
In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. [2] Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings.
Build-to-rent is the most contemporary development in the private rented sector (PRS) and offers housing across the full spectrum of privately rented accommodation in terms of scale and service offering, often with affordable housing being integrated through discounted market rental homes.
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